Moneycontrol PRO
Upcoming Event:Experts and leaders discuss how modern digital tools are transforming the media industry. Register now

Hold Kewal Kiran Clothing; target of Rs 1155: Sharekhan

Sharekhan recommended hold rating on Kewal Kiran Clothing with a target price of Rs 1155 in its research report dated October 23, 2019.

October 31, 2019 / 04:14 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Kewal Kiran Clothing

Revenue grew 9.5% y-o-y, as volumes and realisations grew by ~4% each; flagship brand Killer saw revenues surge, while Lawman is yet to recover. Higher cost of goods sold, discounts and trade margins hit gross margins, which along with a rise in S&A expenses caused OPM to plummet; PAT wasn’t affected much by shift to Ind-AS 116. Management guided for high single-digit revenue growth and OPM of above 20% in FY2020; lower corporate tax rate to help earnings grow in double digits.


We maintain our Hold rating with an unchanged price target (PT) of Rs. 1,155.

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Broker Research
first published: Oct 31, 2019 04:14 pm
ISO 27001 - BSI Assurance Mark